Barclays reviews the prospects of both companies, the parent and subsidiaries, changes their target prices and attributes the different potential to the two Ibex companies.
Analysts at Barclays revised their outlooks on Acciona and its subsidiary Acciona Energias Renovables down slightly, with similar outlooks on both companies, as target prices for their titles are slashed.
Acciona sees how the British financial institution downgraded the valuation of its shares from EUR 233 to EUR 230, which is 1.29% lower. With regard to capacity, it continues with a positive sign and reaches 39.9% in 12 months, taking as a reference the price of its titles at the end of Thursday.
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On Acciona Energias Renovables, Barclays cut its target price by 2.5%, keeping the shares at 39 euros from the previous 40 euros. The efficiency of the energy assistant reaches 26.4% in 12 months.
The Reuters analyst consensus on the two companies’ movements in the Ibex 35 follows a similar line. He gives Acciona a 23.7% cap after seeing his target price rise slightly less than 1% over the past three months. Among experts covering the company headed by José Manuel Entrecanals, 53% recommend “buy”, 27% “hold” and the remaining 20% opt for the sale of their shares.
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Acciona Energias Renovables has gained 12-month gains of 28.4% according to analyst consensus, despite reducing its scrip’s valuation by 4.65% since February of this year. Most experts recommend buying or holding its shares, 42% and 50%, respectively, and only 8% prefer to sell them.
Both companies submit this 2023 decline to the Ibex 35. The parent company does so with a decline of 4.36%, while its renewables subsidiary loses an even higher 14.6%.
